Transocean Ltd experienced a rather shaky stock market performance. The highest value in the past year was recorded at $6.88 on 04/08/24 and the lowest value was $3.85 on 09/10/24.
52-week price history of RIG Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Transocean Ltd’s current trading price is -37.86% away from its 52-week high, while its distance from the 52-week low is 11.04%. The stock’s price range during this period has spanned from $3.85 to $6.88. In the Energy sector, the Transocean Ltd’s shares surpassed a trading volume of approximately 7.25 million for the day, which was noticeably lower compared to the average daily volume of 9.19.93 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Transocean Ltd (RIG) has experienced a quarterly decline of -14.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.54B and boasts a workforce of 5800 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.71, with a change in price of -1.07. Similarly, Transocean Ltd recorded 19,900,646 in trading volume during the last 100 days, posting a change of -20.17%.
Examining RIG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for RIG stands at 0.68. Similarly, the long-term debt-to-equity ratio is also 0.64.
RIG Stock Stochastic Average
Today, Transocean Ltd’s raw stochastic average for the past 50 days stands at 44.51%, indicating a rise from the raw stochastic average of the last 20 days, which was 41.57%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 48.39% and 48.93% respectively.
RIG Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a loss of -32.68%.However, over the last six months, we can see a stronger performance of -31.49%. Over the last 30 days, the price of RIG has fallen by 0.83%. And in the last five days, it has fallen by -5.00%.
